Equity Research Report: Master Pick - Shriram Transport Finance Ltd

Shriram Transport Finance Company (STFC), the flagship company of the Shriram group, is the largest asset financing non-banking financial company (NBFC) in the country and holistic finance provider for the commercial vehicle industry.

Shriram Transport Finance Company (STFC), the flagship company of the Shriram group, is the largest asset financing non-banking financial company (NBFC) in the country and holistic finance provider for the commercial vehicle industry.

In past, it tested its major support zone of 200 EMA on weekly chart several times and always rebound swiftly from that zone which further strengthens our positive bias.Broadly, it was trading in a broader consolidation range of 470-800 levels for last four years and witnessed upside breakout from the same recently. Hence, one can accumulate this counter between 930-CMP(954.10) with closing below stop

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